NEWS

Senate To Investigate N5bn Yacht Acquisition

The Senate, led by the Senate Committee on Navy, chaired by Senator Gbenga Daniel of the All Progressives Congress, Ogun East, has announced its intention to conduct an investigation into the acquisition of the N5 billion presidential yacht and the related circumstances.

This decision was conveyed in a statement by the lawmaker’s media aide, Steve Oliyide, which has garnered significant public attention and led to allegations against the Presidency for perceived insensitivity. Senator Daniel disclosed that the committee will promptly investigate the contentious yacht and its associated matters within a one-week timeframe.

He said, “The uproar over the potential acquisition of the yacht has gained substantial attention since it was first disclosed in the media.

“Many Nigerians have voiced their concerns and criticism, with a significant number expressing displeasure about how such a luxury item can find its way into the Supplementary Budget.

“Given the conflicting and contradictory reports circulating in the media regarding the yacht’s acquisition, we have identified the need for a thorough investigation. “

The committee chairman added, “The primary objective is to uncover the facts, dispel uncertainties, and provide the public with an accurate and comprehensive understanding of the situation.

“Many Nigerians believe that the position of the Senate committee in this regard signifies a significant step towards transparency and accountability within the government by the Senate.”

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